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PPP Loan Data — Miller Sierra Contractors Inc, Euless, TX

SBA PPP loan data, payroll data, and salaries for Miller Sierra Contractors Inc
TX

Miller Sierra Contractors Inc

Entity: Corporation

Industry: Poured Concrete Foundation and Structure Contractors

Location: Euless, TX

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Miller Sierra Contractors Inc is a corporation located at 1760 S Pipeline in Euless, Texas that received a Coronavirus-related PPP loan from the SBA of $4,995,600.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 495 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5M

Jobs Retained:

495

Loan Approved:

2020-04-27

Lender:

PROVIDENCE BANK

Miller Sierra Contractors Inc received a Paycheck Protection Loan of $5M through PROVIDENCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Miller Sierra Contractors Inc's total 2019 payroll expenses were approximately $23.98M in order to qualify for the PPP loan amount received.

Based on their reported 495 jobs retained, this equals an estimated average yearly compensation of $48,442 per employee1.

Because the loan received by Miller Sierra Contractors Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Miller Sierra Contractors Inc in Euless, TX

Miller Sierra Contractors Inc
1760 S Pipeline
Euless, TX 76040

Business Industry

Poured Concrete Foundation and Structure Contractors (NAICS code 238110)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-24

Similar Companies near Euless

In the Euless area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 495) and received an average PPP loan of $1,293,859 (compared to this company's $5M).

Industry PPP Comparison Statistics

Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 97% lower than Miller Sierra Contractors Inc's reported 495 employees, and received an average PPP loan of $177,269, 96% lower than this company's loan of $5M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/miller-sierra-contractors-inc-euless-tx